This Trend Indicator is a complimentary Indicator for the VPA Analysis Indicator. This Indicator provides the Trend bands for the Short term , medium Term an Long Term Trends. Green colour Indicator that the trend is UP. Yellow colour indicates there is no trend an the movement is sideways. Re colour Indicates that the trend is down. The Indicator uses the "Random Walk Index " for Trend evaluation. Th Random walk Index removes the noises an provides better Trend evaluation compared to traditional Moving Averages. This a good complimentary Indicator to make better decision and understanding the VPA conditions.
Sir - please clarify on the mapping of the bands (there are 3 bands - which one refers to ST, M and LT trends) Many thanks.
hariom13
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Sir
Just a query did't understand why a middle band in trend indicator is always a yellow or green? Why Not Red?
senpai_noticeme
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@mercifulMind46548,
If you take a look at the code, the mid band compares the high and low as ground and sky, while minor and major bands use the shorter and longer time periods.
I think it's safe to treat middle yellow as yellow or red then make your decision based on the minor and major trends.
Many thanks.